Oil giant BP reported its worst annual loss in 20 years and further restructuring charges as low oil prices continue to weigh on the company.
For 2015 as a whole, the company reported a loss of $6.5 billion. The stock opened down over 5 percent in London trade.
On an underlying basis, fourth quarter replacement cost profit came in at $196 million, well below expectations of $730 million in a poll of analysts provided by the company, and down from $2.2 billion a year earlier.